From Financialpost · · 1m
Canadian Retail Sales Slightly Softer Than Expected
Canadian retail sales rose 1.2% in August but fell short of economists' 1.3% forecast.
In brief
Canadian retail sales rose 1.2% in August but fell short of economists' 1.3% forecast. Canadian retail sales rose 1.2% month over month in August, slightly below economists' 1.3% forecast. Originally reported by Financialpost.
August retail sales
Retail sales in Canada rose 1.2 per cent month over month to $74.6 billion in August.
Economists' forecast
Economists predicted retail sales would rise by 1.3 per cent in August.
Auto and parts dealers
Auto and parts dealers rose 1.2 per cent on higher sales of new cars and parts.
Gas stations and fuel vendors
Gas stations and fuel vendors rose 1.7 per cent, the first increase in three months.
Core retail sales
Core retail sales increased by 1.1 per cent after declining 0.7 per cent in July.
Economist analysis
Maria Solovieva, TD Economics, said third-quarter retail sales may grow at 4 per cent annualized.
What matters most
Canadian retail sales rose 1.2% month over month in August, slightly below economists' 1.3% forecast.
